I meant *whether.
>> 1. The chipped cards can be used online ... and how the bleep will a chip protect the real cardholder or the card company in that case? <<
That's my whole point about the new chipped cards.
>> 2. The card companies LOSE money whenever they have to refund a customer. Why the bleep do you think they make money in those cases? <<
The credit card companies (VISA, MC, DC and AMEX) get a percentage of everything that gets done with card. Purchase, return or charge-back ..it's all in the fee's that get added on from the issuing bank. But, if the issuing bank can't recoup the loss from the merchant , then it's the issuing bank that take the losses.